Eliyahu M. Goldratt, Israeli physicist and engineer (b. 1947)
Eliyahu Moshe Goldratt (March 31, 1947 – June 11, 2011) was an Israeli business management guru. He was the originator of the Optimized Production Technique, the Theory of Constraints (TOC), the Thinking Processes, Drum-Buffer-Rope, Critical Chain Project Management (CCPM) and other TOC derived tools.
He was the author of several business novels and non-fiction works, mainly on the application of the theory of constraints to various manufacturing, engineering, and other business processes.
The processes are typically modeled as resource flows, the constraints typically represent limits on flows. In his book The Goal, the protagonist is a manager in charge of a troubled manufacturing operation. At any point in time, one particular constraint (such as inadequate capacity at a machine tool) limits total system throughput, and when the constraint is resolved, another constraint becomes the critical one. The plot of Goldratt's stories revolve around identifying the current limiting constraint and raising it, which is followed by finding out which is the next limiting constraint. Another common theme is that the system being analyzed has excess capacity at a number of non-critical points, which, contrary to conventional wisdom, is essential to ensure constant operation of the constrained resource.
2011Jun, 11
Eliyahu M. Goldratt
Choose Another Date
Events on 2011
- 25Jan
Egyptian Revolution of 2011
The first wave of the Egyptian revolution begins throughout the country, marked by street demonstrations, rallies, acts of civil disobedience, riots, labour strikes, and violent clashes. - 11Feb
Egyptian Revolution of 2011
The first wave of the Egyptian revolution culminates in the resignation of Hosni Mubarak and the transfer of power to the Supreme Military Council after 18 days of protests. - 11Mar
2011 Japanese tsunami
An earthquake measuring 9.0 in magnitude strikes 130 km (81 mi) east of Sendai, Japan, triggering a tsunami killing thousands of people. This event also triggered the second largest nuclear accident in history, and one of only two events to be classified as a Level 7 on the International Nuclear Event Scale. - 12Mar
2011 Tōhoku earthquake and tsunami
A reactor at the Fukushima Daiichi Nuclear Power Plant melts and explodes and releases radioactivity into the atmosphere a day after Japan's earthquake. - 12Nov
European sovereign debt crisis
Silvio Berlusconi tenders his resignation as Prime Minister of Italy, effective November 16, due in large part to the European sovereign debt crisis.